Years ago, I sold my second business to trade full-time.
With $500k in the bank and another $225k due to me, what could possibly go wrong?
How about everything...
Tomorrow, I'm going to share with 1,408 subscribers how to trade full-time the right way: https://t.co/u9bAWlTei9
Next year, a once-in-a-lifetime investment opportunity will emerge.
It will go down as one of the 11 greatest inventions in human history.
Check out this thread to see how far we've come as a species and awaits us in 2025:
George Soros made a staggering $1 billion in just a few hours on Black Wednesday.
Tomorrow, I'll share this masterclass in spotting structural imblances, asymetric bets, and contraian thinking with 1,392 people.
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Ray Kurzweil believes AI will reach human-level intelligence by 2029.
Elon Musk believes it'll happen next year.
Do you believe this is possible, and if so, where do we fit in?
Will we become the faithful companions of our own creation?
Struggling to ride the biggest market trends?
Yesterday, 1,312 investors & traders learned how to find the next big megatrend using George Soro's strategy.
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George Soros went from unprofitable speculator to trading titan with one simple secret:
Reflexivity
Tomorrow, I'll show 1,312 people how to use reflexivity to spot the next big megatrend.
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Contrary to popular belief, starting a business is not the best way to live life on your own terms.
You have to:
1. Gain a ton of skills
2. Hire and manage employees or VAs
3. Work a ton of hours to get things off the ground
Trading has more upside and one skill to learn.
Years ago, I sold my second business to trade full-time.
I have over 500k in the bank and another 225k due to me over the next two years.
I am a great entrepreneur, I thought. What could go wrong?
How about everything…
I spent two years burning through cash that I worked TWENTY years to build.
And don’t get me started on how much I had to give up during that time to make the business work.
It was the worst financial decision of my life. I was miserable for two years straight. And this suffering extended to my health, relationships, and most of all -- my ego.
And if things couldn't get any worse, I suffered an unexpected financial loss when I was near my breaking point, further compounding the pressure.
It felt like my brain and life were about to explode.
And climbing out of the hole was almost as grueling as falling down it.
So why am I telling you this?
I don't ever want anyone to experience this type of pain, especially since it was unnecessary.
If I could start over, here's how I would do it:
Double up…
Swing trade instead of day trade. You'll make more money, and you'll learn faster.
How?
By keeping your job (or contract part-time), you can:
1. Pay for your losses when you're learning
2. Have time to understand how you react to the market and the setups you resonate with.
3. Compound your gains faster when you're profitable.
And while everyone needs to discover how they trade best, here's what I would start with:
Go long/short and trade the highest momentum stocks to the upside and downside.
Hold for a few days to up to two weeks. Use range breaks to enter and trail with a moving average.
Hopefully, this helps someone thinking about making the leap.
Please don't do it like me.
Put your toes in first.
Feel free to ask a question & I’ll respond to as many as I can.
Position sizing is the most critical, often overlooked subject in trading.
And getting it wrong will kill you.
At a 30% win rate, you have a 74% chance to lose 12 in a row over 100 trades.
Size matters.